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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Malagasy Ariary/Euro (FOREX:MGAEUR)

Crossroads (-60) - MGAEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MGAEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MGAEUR
Open High Low MGAEUR Price Change
0.00021674 0.00021674 0.00021674 0.00021674 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MGAEUR

long term down The long-term trend has been DOWN since May 2nd, 2021 at 0.00021759

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2021 at 0.00021556

short term up The short-term trend has been UP since Oct 11th, 2021 at 0.00021556

Smart Scan Analysis for MGAEUR

Based on our trend formula, MGAEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MGAEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00021674 0.00021674 0.00021674 0.00021674 0.00000000
Prev. Close Volume Bid Ask Time
0.00021674 2021-10-19 07:16:40
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